- US stocks are lower. Follow here.
- CNN Business created a Coronavirus Markets Dashboard to help you track the stocks, sectors and indicators that are most affected by the pandemic.
US stocks ended in the red on Monday, after the Senate failed for a second time to vote through the coronavirus economic relief package.
A slew of new stimulus measures from the Federal Reserve provided a boost to premarket trading, but it didn’t help stocks end the regular trading day higher.
The US Federal Housing Finance Agency stepped up today to protect renters in multi-family properties.
Fannie Mae and Freddie Mac will grant owners of multi-family properties who are "negatively affected by the coronavirus national emergency" forbearance of mortgage payments -- as long as they don't evict renters who are unable to pay their rent because of the coronavirus impact.
The global economy is on track for a short but sharp recession this year, according to a statement from the International Monetary Fund, as the impact from the coronavirus pandemic weighs on economies throughout the world.
The IMF expects that growth will rebound in 2021.
"The economic impact is and will be severe, but the faster the virus stops, the quicker and stronger the recovery will be," Georgieva said.
CFRA's Yanushevsky said in her report that Macy's faces "heightened financial vulnerabilities" and is likely to lag both the broader market and other retail stocks over the next 12 months due to the coronavirus pandemic.
In other words, it may take a miracle on 34th Street for Macy's to get back on track anytime soon.
The index briefly fell below 18,333 points, the level at which it closed on Election Day in 2016.
Since that date, the Dow climbed more than 60% to its all-time high of 29,551 in February. The coronavirus crisis has made these gains vanish in a matter of weeks.
The Dow has bounced back since dropping below that key level today. Where it closes today remains an open question.
The move was made to "bolster its liquidity," bringing its total to $3.6 billion.
"This is a period of unprecedented disruption for the cruise industry," said Jason Liberty, the company's chief financial officer said in a release. "We continue to take decisive actions to protect the company's financial and liquidity positions as they enable us to keep focused on our guests, our crew and our long-term plans."
Stocks are deep in the red at midday. The Washington gridlock on fiscal stimulus measures has overshadowed hopes that the Federal Reserve's onslaught of new monetary moves would lift markets higher.
Shares of Zoom soared nearly 20% Monday to a new all-time high and are now up an astonishing 130% so far in 2020. CEO Eric Yuan said during an earnings conference call earlier this month that "overnight, almost every business really understands they needed a tool like this. This will dramatically change the landscape. I truly believe in the future, every business would turn to video for the remote workers for the collaboration."
“We are seeing more patients and more of those patients are experiencing upper respiratory issues,” said Teladoc chief medical officer Lew Levy, MD, in the release.